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MIMET Technical Bulletin Volume 1 (2) 2010
Feature Article 3
SHIP REGISTERED IN THE PAST DECADE AND THE TRENDS IN SHIP REGISTRATION
IN MALAYSIA: THE PREDICTION FOR THE NEW BUILDING AND DESIGN DEMAND
IN THE NEXT FIVE YEARS
SAMSOL AZHAR ZAKARIA*
Department of Marine Design Technology
Malaysian Institute of Marine Engineering Technology, Universiti Kuala Lumpur
Received: 25 May 2010; Revised: 8 July 2010 ; Accepted: 14 July 2010
ABSTRACT
Malaysia marine industry has been one of the key stepping stones to economic growth and prosperity all along its history.
In recent years, the shipping sector has expanded considerably. There has been a considerable increase in the number of
ships in operation, both in the international and domestic markets. Unfortunately, the economic crisis arrives at a mo‐
ment in time when the Malaysian shipping sector is starting to boom and facing multiple challenges, including fierce
competition from companies, human factor, piracy and terrorist threats of the international trade system. This paper
describes the trend in ship registration in Malaysia. Also, from the analysis the prediction for new building and design
demand in future is presented.
Keywords Ship registration, shipbuilding, shipping
INTRODUCTION
Malaysia’s fleet, which was ranked in
21 st position with the largest registered
deadweight tonnage at the beginning of
2006, has dropped to 23 rd position at begin‐
ning of 2009 under the UNCTAD Maritime
Review as shown Table 1. [1]
A major national fleet expansion is espe‐
cially taking place in the petroleum and gas
tankers sector. Among the ship owners
ahead with their expansion drive in the off‐
shore shipping includes Bumi Armada
Bhd,Tanjung Offshore,Alam Maritim Re‐
sources Bhd, Scomi Marine Bhd and Petra
Perdana Bhd. In the tanker sector, MISC Bhd,
Gagasan Carrier Sdn Bhd, Malaysian Bulk
Carrier Bhd, Nepline Berhad, Global Carrier
Bhd and Swee Joo Shipping have placed or‐
ders for more ships, including Very Large
Crude Carriers (VLCC). [2]
*Corresponding Author: Tel.: +605‐6909049
Email address: samsolazhar@mimet.unikl.edu.my
The global financial crisis really started
to show its effects in the middle of 2007 and
into 2008. Around the world stock markets
have fallen, large financial institutions have
collapsed or been bought out, and govern‐
ments in even the wealthiest nations have
had to come up with rescue packages to bail
out their financial systems. In this conjunc‐
tion, growth in international seaborne trade
decelerated in 2008, expanding by 3.6 per
cent as compared with 4.5 per cent in 2007.
[1] Furthermore, the fall down in global dem‐
mand has significant impacted growth in the
world trade merchandise. In Malaysia, the
situation directly affects some 14 shipping
lines, which has caused them to reduce the
number of vessels they have in service.
Some orders for new ships have also been
cancelled.
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